That would mark a sharp rise from the current $500 billion invested each year but yield benefits of at least $3.0 trillion a year, or more than $1.0 trillion above the highest projected spending, it said.
Institutional investors, who used to shun activist investors and side with a company's management on most controversial issues, are starting to change their tune.
*Third-quarter adjusted earnings $0.44, beat estimates by 5 cents. The maker of specialty components for energy, transportation and manufacturing said it had earned $73.0 million, or 78 cents per share, in the third quarter, compared with $108.5 million, or $1.17 per share, a year earlier.
WHITE PLAINS, N.Y.-- ITT Corp. fared better in the third quarter than analysts anticipated, providing further validation for a spin-off that streamlined the company's operations last year. A little over a year ago, ITT spun off its water-management business into Xylem Inc. and its defense segment into Exelis Inc..
Nov 2- ITT Corp reported stronger-than-expected quarterly earnings and sales on Friday, helped by U.S. industrial demand and sales to energy markets in emerging economies.
Nov 2- ITT Corp reported a lower quarterly net profit on Friday, reflecting the company's breakup a year ago, but earnings from continuing operations were up, helped by U.S. industrial demand and sales to energy markets in emerging economies.
--Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.
--Acorda Therapeutics Inc: rescheduled third-quarter financial results and conference call to Oct. 31 from Oct. 30. --Advent Software Inc reschedules third-quarter results and conference call to Oct. 30. --AGCO Corp rescheduled third-quarter results to Oct 31, 8 am Eastern Time from Oct. 30.
NEW YORK-- Industrial parts supplier ITT Corp. said Monday it has signed an agreement to buy Bornemann Pumps, a German company that makes pump systems for the oil and gas industry. ITT said the deal is worth about $267 million, but it didn't specify whether that figure includes debt. Shares of ITT rose 31 cents to $20.86 in morning trading.
Jim Cramer’s researcher, Nicole Urken, takes a look at some pockets of value creation in this unpredictable market.
Usually the whole is greater than the sum of its parts — not to investment guru Mario Gabelli. The CEO of Gamco Investors told CNBC Monday he wants to invest in companies that have a history of splitting off successful businesses and then invest in both companies.
Take a look at some of Monday morning's early movers:
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Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!
Stocks closed at fresh multi-year highs on Friday shrugging off lukewarm economic news to focus on broadly strong earnings, as the Dow & the S&P 500 marked six consecutive gains for the month of April.
Stocks gained modestly on Friday, remaining on pace to end the week with the best results in five weeks even amid lukewarm economic news.
Stocks traded mixed after slightly disappointing economic data, but all the major indexes hit multi-years on Thursday after gaining steadily throughout the week.
What follows is a roundup of corporate earnings reports for Friday, April 29.
The merger train has left the station, and it’s going to go run for another one to three years, Mario Gabelli, chairman and chief investment officer of GAMCO Investors, told CNBC Tuesday.